— Know what they know.
Not Investment Advice
Asset Manager ← All Institutions

Waratah Capital Advisors Ltd.

Q3 2025 · Filed 2025-11-10
Market Value
$1.4B
+2.4%
Holdings
173
+5
New Purchases
57
Added To
28
Closed
43
Reduced
41
Top 10 Concentration
30.9%
Turnover
57.8%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
TDY 3.41% 0.34% +3.06% $48M
EQX 2.78% 0.18% +2.60% $40M
PAAS 3.65% 1.29% +2.37% $52M
CVE 2.01% 0.00% +2.01% $29M
TT 2.05% 0.25% +1.80% $29M
IAG 1.92% 0.13% +1.79% $27M
CGAU 5.25% 3.47% +1.78% $75M
RCI 1.48% 0.00% +1.48% $21M
ETR 1.42% 0.00% +1.42% $20M
POOL 1.57% 0.27% +1.30% $22M
ANET 1.30% 0.00% +1.30% $18M
AVGO 1.11% 0.00% +1.11% $16M
SN 2.22% 1.19% +1.04% $32M
DHR 2.81% 1.84% +0.97% $40M
KGC 3.27% 2.30% +0.96% $46M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
NVDA 0.30% 4.26% -3.96% $4M
STN 0.50% 3.21% -2.71% $7M
HBM 0.00% 2.69% -2.69% $0
MSFT 0.06% 2.55% -2.49% $805K
PG 0.00% 1.75% -1.75% $0
META 0.15% 1.85% -1.70% $2M
CNQ 1.70% 3.16% -1.46% $24M
JCI 0.27% 1.68% -1.41% $4M
BR 0.00% 1.40% -1.40% $0
WCN 0.00% 1.21% -1.21% $0
CAVA 0.00% 1.19% -1.19% $0
TDG 0.00% 1.03% -1.03% $0
IDXX 0.05% 1.07% -1.02% $661K
EVR 0.26% 1.27% -1.02% $4M
LNG 1.64% 2.62% -0.97% $23M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 19 $101M 7.1%
Large Cap 111 $926M 65.2%
Mid Cap 32 $379M 26.7%
Small Cap 8 $11M 0.8%
Micro Cap 3 $4M 0.3%

Portfolio Analytics

Avg Market Cap
$158.2B
Median Market Cap
$28.8B
Avg P/E
37.8
Median P/E
28.6
Avg Dividend Yield
0.01%
Avg Beta
1.15
# Stocks
167
# ETFs / Funds
6

Top Holdings (173 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 CGAU 5.25% 6,954,407 $75M $10.73 $26M +275,510 +4.1%
2 PAAS 3.65% 1,340,842 $52M $38.73 $34M +712,819 +113.5%
3 TDY 3.41% 82,596 $48M $586.04 $44M +73,312 +789.7%
4 KGC 3.27% 1,869,033 $46M $24.85 $14M -176,818 -8.6%
5 FND 2.97% 572,801 $42M $73.70 $9M +137,343 +31.5%
6 DHR 2.81% 201,578 $40M $198.26 $14M +72,184 +55.8%
7 EQX 2.78% 3,526,159 $40M $11.22 $37M +3,094,966 +717.8%
8 MTN 2.40% 228,388 $34M $149.57 $7M +54,722 +31.5%
9 SN 2.22% 306,133 $32M $103.15 $15M +139,858 +84.1%
10 NXE 2.17% 3,453,329 $31M $8.95 $6M -86,649 -2.5%
11 ELS 2.05% 480,572 $29M $60.70 $12M +203,545 +73.5%
12 TT 2.05% 68,982 $29M $421.96 $26M +61,087 +773.7%
13 CVE 2.01% 1,678,336 $29M $16.99 +1,678,336 NEW
14 AEM 1.98% 166,852 $28M $168.56 -$4M -102,023 -37.9%
15 IAG 1.92% 2,113,558 $27M $12.93 $25M +1,859,463 +731.8%
16 MLM 1.72% 38,681 $24M $630.28 $216K -5,336 -12.1%
17 CNQ 1.70% 757,028 $24M $31.96 -$20M -640,542 -45.8%
18 LNG 1.64% 99,468 $23M $234.98 -$13M -49,605 -33.3%
19 SKE.TO 1.59% 1,227,900 $23M $18.43 $14M +656,471 +114.9%
20 POOL 1.57% 71,891 $22M $310.07 $19M +59,070 +460.7%
21 FIX 1.56% 26,852 $22M $825.18 -$2M -17,351 -39.2%
22 RCI 1.48% 609,300 $21M $34.47 +609,300 NEW
23 MKC 1.48% 313,439 $21M $66.91 $11M +186,733 +147.4%
24 ETR 1.42% 216,584 $20M $93.19 +216,584 NEW
25 ROP 1.36% 38,892 $19M $498.69 $112K +4,873 +14.3%
26 TD 1.36% 241,926 $19M $79.95 $10M +111,243 +85.1%
27 ANET 1.30% 126,492 $18M $145.71 +126,492 NEW
28 VST 1.19% 86,521 $17M $195.92 $4M +21,866 +33.8%
29 RY 1.12% 107,588 $16M $147.32 $4M +18,389 +20.6%
30 AVGO 1.11% 47,807 $16M $329.91 +47,807 NEW
31 CMG 1.10% 398,934 $16M $39.19 -$12M -86,859 -17.9%
32 EXE 1.08% 144,396 $15M $106.24 -$6M -37,100 -20.4%
33 PLD 1.07% 133,259 $15M $114.52 $7M +58,967 +79.4%
34 WELL 1.06% 84,837 $15M $178.14 -$6M -50,951 -37.5%
35 VRT 0.96% 90,341 $14M $150.86 +90,341 NEW
36 XPO 0.94% 103,353 $13M $129.27 -$4M -33,762 -24.6%
37 ORLA 0.89% 1,170,554 $13M $10.80 +1,170,554 NEW
38 CEG 0.88% 38,143 $13M $329.07 -$4M -13,824 -26.6%
39 JPM 0.87% 39,115 $12M $315.43 $2M +2,512 +6.9%
40 CAT 0.86% 25,584 $12M $477.15 +25,584 NEW
41 SUI 0.85% 94,028 $12M $129.00 -$4M -33,927 -26.5%
42 CMI 0.83% 28,019 $12M $422.37 +28,019 NEW
43 BMO 0.83% 90,548 $12M $130.25 +90,548 NEW
44 BTG 0.78% 2,250,259 $11M $4.95 $10M +1,847,772 +459.1%
45 FNV 0.77% 48,956 $11M $222.91 $3M
46 DVN 0.76% 308,207 $11M $35.06 +308,207 NEW
47 NVT 0.76% 109,140 $11M $98.64 +109,140 NEW
48 TLN 0.76% 25,294 $11M $425.38 +25,294 NEW
49 BAC 0.70% 191,681 $10M $51.59 +191,681 NEW
50 CDE 0.69% 525,785 $10M $18.76 +525,785 NEW
51 EME 0.68% 14,822 $10M $649.54 $6M +7,549 +103.8%
52 IMO 0.64% 100,000 $9M $90.74 -$12M -162,010 -61.8%
53 FOXA 0.63% 142,026 $9M $63.06 -$8M -169,117 -54.4%
54 HD 0.63% 22,095 $9M $405.19 +22,095 NEW
55 CM 0.63% 111,809 $9M $79.89 $3M +28,909 +34.9%
56 SII 0.62% 106,459 $9M $83.19 -$2M -50,394 -32.1%
57 DOOO 0.62% 145,328 $9M $60.78 -$1M -62,549 -30.1%
58 APH 0.62% 70,934 $9M $123.75 +70,934 NEW
59 DTM 0.60% 75,000 $8M $113.06 $339K +933 +1.3%
60 T 0.58% 293,201 $8M $28.24 -$9M -309,076 -51.3%
61 SXT 0.52% 79,486 $7M $93.85 -$11M -106,961 -57.4%
62 SPOT 0.52% 10,531 $7M $698.00 $6M +8,404 +395.1%
63 STN 0.50% 66,092 $7M $107.80 -$37M -344,405 -83.9%
64 CVX 0.49% 45,000 $7M $155.29 +45,000 NEW
65 SPXC 0.47% 35,914 $7M $186.78 +35,914 NEW
66 GLW 0.45% 78,034 $6M $82.03 +78,034 NEW
67 TU 0.44% 396,669 $6M $15.77 -$250K -8,391 -2.1%
68 BWXT 0.43% 33,392 $6M $184.37 $5M +26,468 +382.3%
69 PBA 0.43% 150,109 $6M $40.46 +150,109 NEW
70 FSV 0.42% 31,677 $6M $190.49 -$1M -10,063 -24.1%
71 CW 0.41% 10,858 $6M $542.94 +10,858 NEW
72 SLF 0.41% 96,701 $6M $60.03 -$6M -77,978 -44.6%
73 IBIT 0.38% 83,529 $5M $65.00 -$334K -10,635 -11.3%
74 SEAS 0.33% 92,022 $5M $51.70 +92,022 NEW
75 TAC 0.32% 334,994 $5M $13.67 -$578K -142,978 -29.9%
76 GIL 0.32% 78,487 $5M $57.80 +78,487 NEW
77 BABA 0.32% 25,087 $4M $178.73 +25,087 NEW
78 NVDA 0.30% 22,639 $4M $186.58 -$55M -351,378 -94.0%
79 JCI 0.27% 35,238 $4M $109.95 -$19M -185,350 -84.0%
80 C 0.27% 37,924 $4M $101.50 $621K
81 LEN 0.27% 30,230 $4M $126.04 +30,230 NEW
82 LYV 0.27% 23,106 $4M $163.40 -$257K -3,547 -13.3%
83 UAL 0.26% 38,360 $4M $96.50 +38,360 NEW
84 EVR 0.26% 10,901 $4M $337.32 -$14M -54,569 -83.3%
85 HCC 0.26% 57,362 $4M $63.64 +57,362 NEW
86 CHRW 0.26% 27,512 $4M $132.40 +27,512 NEW
87 CR 0.26% 19,768 $4M $184.14 +19,768 NEW
88 ETN 0.26% 9,706 $4M $374.25 +9,706 NEW
89 MGA 0.23% 70,000 $3M $47.38 +70,000 NEW
90 RTX 0.22% 18,835 $3M $167.33 +18,835 NEW
91 CIGI 0.22% 20,108 $3M $156.21 +20,108 NEW
92 BBY 0.21% 40,090 $3M $75.62 +40,090 NEW
93 CCCX 0.21% 233,975 $3M $12.86 +233,975 NEW
94 KKR 0.18% 20,000 $3M $129.95 -$6M -47,179 -70.2%
95 LHX 0.15% 7,114 $2M $305.41 +7,114 NEW
96 ATLX 0.15% 449,217 $2M $4.76 $440K
97 META 0.15% 2,839 $2M $734.38 -$24M -31,943 -91.8%
98 SGML 0.13% 296,330 $2M $6.41 $876K +69,000 +30.4%
99 RACE 0.13% 3,909 $2M $485.22 +3,909 NEW
100 CCJ 0.13% 22,467 $2M $83.86 +22,467 NEW

Options Breakdown

37 Calls $967M Call Value 27 Puts $3.2B Put Value 3.33 P/C Ratio

Top Calls

SymbolSharesValueStatus
TLT 3,100,200 $277M
GLD 474,000 $168M NEW
XLU 1,370,000 $119M NEW
RSP 550,000 $104M NEW
RCI 1,450,000 $50M NEW
SLV 1,042,500 $44M
MSFT 40,000 $21M NEW
KRE 300,000 $19M NEW
BN 400,000 $18M NEW
CMG 400,000 $16M NEW

Top Puts

SymbolSharesValueStatus
QQQ 2,279,300 $1.4B
GLD 2,827,400 $1.0B
HYG 4,310,000 $350M
GDX 3,832,700 $293M
IWM 279,200 $68M
COST 25,900 $24M
CTAS 84,000 $17M
KRE 200,000 $13M NEW
IGV 100,000 $12M NEW
XRT 130,000 $11M NEW

New Positions

SymbolValue% Port
CVE $29M 2.01%
RCI $21M 1.48%
ETR $20M 1.42%
ANET $18M 1.30%
AVGO $16M 1.11%
VRT $14M 0.96%
ORLA $13M 0.89%
CAT $12M 0.86%
CMI $12M 0.83%
BMO $12M 0.83%
DVN $11M 0.76%
NVT $11M 0.76%
TLN $11M 0.76%
BAC $10M 0.70%
CDE $10M 0.69%

Sold Out Positions

SymbolValue% Port
QXO —%
HWM —%
CARR —%
CNP —%
DRI —%
CAVA —%
IEX —%
MFC —%
TECK —%
SPGI —%
TEL —%
WEC —%
OVV —%
GPK —%
EQT —%
View SEC EDGAR Filings for Waratah Capital Advisors Ltd. →

Sign in to InsiderStreet

You'll also get our free weekly newsletter with
smart money signals, market insights, and alpha ideas.
Unsubscribe anytime.

For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms